Fraud & Risk Associate

A Fraud & Risk Associate is responsible for identifying, analyzing, and mitigating organizational fraud and risk. They play a crucial role in safeguarding the company's assets, reputation, and financial stability by implementing strategies to detect and prevent fraudulent activities and risks associated with various business operations.

A Fraud & Risk Associate conducts thorough investigations into suspected fraudulent activities, such as financial fraud, identity theft, or unauthorized access to company resources. They use analytical tools and techniques to assess risks and develop strategies to minimize potential losses.

Ready to use your analytical skills in determining financial threats and reputational risks?

Join us as a Fraud & Risk Associate today!

In this role, you'll conduct thorough investigations into suspected fraudulent activities, employing advanced analytical tools and techniques to detect and prevent potential losses. Your meticulous attention to detail will ensure that no fraudulent activity goes unnoticed, protecting our company's assets and financial stability.

You'll also collaborate with internal stakeholders to develop and implement effective fraud prevention strategies and risk mitigation measures. Your expertise in identifying patterns and trends in fraudulent behavior will enable us to stay ahead of emerging threats and maintain a secure environment for our operations.

• Analyze financial transactions to identify potential fraud or suspicious activities.
• Conduct risk assessments and develop strategies to mitigate risks effectively.
• Collaborate with internal teams to implement fraud prevention measures and enhance security protocols.
• Investigate fraud cases and prepare detailed reports for further action.
• Monitor trends in fraudulent activities and adopt strategies to stay ahead of emerging risks.
• Review and verify customer accounts and transactions for any irregularities.
• Assist in developing and optimizing fraud detection algorithms and tools.
• Liaise with law enforcement agencies and regulatory bodies as needed for fraud investigations.
• Train and educate staff on fraud awareness and prevention techniques.
• Continuously evaluate and improve existing risk management processes.
• Participate in audits and compliance reviews related to fraud and risk management.
• Stay current with industry trends, regulations, and best practices in fraud prevention.
• Provide timely and accurate responses to inquiries from internal and external stakeholders.
• Maintain confidentiality and ensure sensitive information is handled securely.
• Handle any other tasks related to fraud detection and risk management as assigned.

• Reduced fraud-related losses significantly within the first year
• Improved fraud detection rate through the implementation of new tools and strategies
• Ensured full compliance with industry regulations and internal policies
• Decreased false positive rates in fraud detection systems
• Enhanced customer satisfaction scores related to security and risk management
• Streamlined fraud investigation processes, reducing resolution time significantly
• Delivered comprehensive fraud prevention training sessions for all staff

•  Bachelor's degree in Finance, Accounting, Business, or a related field
• Proven experience in fraud detection, risk management, or a similar role within the financial industry.
• Strong analytical skills with the ability to interpret complex data and identify patterns.
• Knowledge of financial regulations and compliance standards.
• Proficiency in using fraud detection tools and software.
• Excellent decision-making abilities with a keen eye for detail.
• Good interpersonal and communication skills to collaborate with teams and stakeholders.
• Ability to work under pressure and handle sensitive information with discretion.
• Certification in fraud examination or risk management is a plus.
• Familiarity with anti-money laundering (AML) practices and regulations.
• Solid understanding of customer service principles and practices.